Since futures contracts were originally designed as contractual agreements for the delivery of a commodity at a specified time in the future, Emini futures contracts expire as well.
As Emini day traders this rollover doesn't effect us much as we don't hold positions in the market overnight or during the expiration time, but we need to know about this feature of the futures market so we remember to take a minute to change over our trading contract every few months. Emini day trading is quite different from trading the larger contracts due to the variations in price movement and tick pricing. The Emini S&P 500 uses different tick and point values that are well suited for novice and veteran day traders alike. You should now have a good understanding of what Emini day trading is and how Emini futures came to be such active markets for traders.
In future articles in this series we plan on covering a number of topics related to Emini day trading.
If you enjoyed this post, please consider sharing it with others, leaving a comment, or subscribing to the Samurai Trading Academy newsletter. Keep an eye out this week as there are more articles in the Emini Day Trading Series coming.
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